{"id":190,"date":"2015-11-17T14:36:38","date_gmt":"2015-11-17T20:36:38","guid":{"rendered":"http:\/\/riskpro.us\/blog\/?p=190"},"modified":"2021-09-16T14:40:29","modified_gmt":"2021-09-16T19:40:29","slug":"benefits-sole-proprietors","status":"publish","type":"post","link":"https:\/\/www.riskpro.us\/blog\/benefits-sole-proprietors\/","title":{"rendered":"Workers&#8217; Compensation Can Benefit Even You, a Sole Proprietor!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_325\" aria-describedby=\"caption-attachment-325\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-325\" src=\"https:\/\/www.riskpro.us\/blog\/wp-content\/uploads\/2019\/05\/9-20-13-WC-Sole-prop-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.riskpro.us\/blog\/wp-content\/uploads\/2019\/05\/9-20-13-WC-Sole-prop-300x200.jpg 300w, https:\/\/www.riskpro.us\/blog\/wp-content\/uploads\/2019\/05\/9-20-13-WC-Sole-prop.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-325\" class=\"wp-caption-text\">Image courtesy of stockimages at FreeDigitalPhotos.net<\/figcaption><\/figure>\n<p>Workers&#8217; compensation is a coverage many sole proprietors might not think could apply to them.&nbsp; But did you know there are several coverage features that might actually be beneficial that your life, health, disability or other personal insurance coverages might not offer?<\/p>\n<p>Below are 4 ways workers&#8217; compensation benefits can apply to employees, owners and sole proprietors who are injured on the job.<\/p>\n<ul>\n<li><strong>Income benefits<\/strong> (other than <em>impairment income benefits<\/em>) replace a portion of any wages you lose because of a work-related injury or illness. Income benefits include <em>temporary income benefits&nbsp;<\/em>(TIBs); <em>impairment income benefits<\/em> (IIBs); <em>supplemental income benefits<\/em> (SIBs); and <em>lifetime income benefits<\/em> (LIBs).<\/li>\n<li><strong>Medical benefits<\/strong> benefits pay necessary medical care to treat your work-related injury or illness.<\/li>\n<li><strong>Burial benefits<\/strong> pay for some of the deceased employee&#8217;s funeral expenses to the person who paid the funeral expenses.<\/li>\n<li><strong>Death benefits<\/strong> replace a portion of lost family income for eligible family members of employees killed on the job.<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><em>(source: <a href=\"http:\/\/www.tdi.texas.gov\/wc\/employee\/benefits.html\" target=\"_blank\" rel=\"noopener noreferrer\">Texas Department of Insurance<\/a>)<\/em><\/p>\n<p>Sole proprietors, such as home inspectors, might never consider getting workers&#8217; compensation coverage. However,&nbsp;if a home inspector falls off a roof during the performance of a home inspection, some personal health insurance policies exclude coverage for on the job injuries.&nbsp; In this case, if the home inspector were to be disable or worse, killed, there would be coverage in a workers&#8217; compensation policy specifically designed to replace lost income and funeral costs.<\/p>\n<p>Workers&#8217; compensation laws, benefits, premiums and availability of coverage will vary by state.<\/p>\n<p>If you are interested in seeing prices and&nbsp;options&nbsp;for this coverage, just fill out our <a href=\"http:\/\/www.riskpro.us\/workers-compensation.html\" target=\"_blank\" rel=\"noopener noreferrer\">online form here<\/a>.<\/p>\n<p>Want to know more? <a href=\"http:\/\/www.riskpro.us\/riskpro-contacts.html\" target=\"_blank\" rel=\"noopener noreferrer\">Contact us<\/a> today with your&nbsp;questions about this important coverage!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Workers&#8217; compensation is a coverage many sole proprietors might not think could apply to them.  But did you know&#8230;<\/p>\n","protected":false},"author":1,"featured_media":325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[16,18,22,34,37,44,45,55,61],"class_list":["post-190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-workers-compensation","tag-accident","tag-burial-benefits","tag-death-benefits","tag-home-inspectors","tag-income-benefits","tag-lost-wages","tag-medical-benefits","tag-scope-of-coverage","tag-work-related-injury"],"_links":{"self":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts\/190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/comments?post=190"}],"version-history":[{"count":6,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts\/190\/revisions"}],"predecessor-version":[{"id":338,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts\/190\/revisions\/338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/media\/325"}],"wp:attachment":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/media?parent=190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/categories?post=190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/tags?post=190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}